Canaan/$CAN

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About Canaan

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.

Ticker

$CAN
Primary listing

Industry

Technology Hardware, Storage & Peripherals

Headquarters

Singapore, Singapore

Employees

463

ISIN

US1347481020

Canaan Metrics

BasicAdvanced
$322M
-
-$1.02
3.29
-

What the Analysts think about Canaan

Analyst ratings (Buy, Hold, Sell) for Canaan stock.

Bulls say / Bears say

Rosenblatt Securities reaffirmed its 'buy' rating for Canaan with an $8.00 price target, citing the company's strong position ahead of an anticipated Bitcoin bull market. (marketbeat.com)
Canaan secured a $30 million investment to expand its Bitcoin mining operations in North America, indicating strategic growth and confidence from institutional investors. (stocktitan.net)
The company announced a significant expansion of its crypto mining operations in North America through new partnerships, aiming to add approximately 4.7 EH/s of computing power by Q2 2025. (stocktitan.net)
Canaan's sales of mining equipment dropped in the first quarter, both sequentially and year-on-year, as disincentivized miners cut back on their purchasing. (markets.businessinsider.com)
The company faces intensifying competition for electricity with AI companies, which are financially better off and willing to pay more for power, potentially increasing operational costs for Canaan. (markets.businessinsider.com)
Canaan's stock is trading at a low price-to-earnings ratio of -0.87, indicating potential financial instability or investor skepticism about future profitability. (techdows.com)
Data summarised monthly by Lightyear AI. Last updated on 12 Jun 2025.

Canaan Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Canaan Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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